enCore Energy (CVE:EU) Trading Up 0.6% - Here's What Happened

Key Points

• enCore Energy Corp. (CVE:EU) saw its stock price increase by 0.6%, reaching C$3.26 after trading as high as C$3.28, with a trading volume increase of 2% from the average.
• Haywood Securities upgraded enCore Energy to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" and an average target price of C$8.50.
• The company, which focuses on uranium resource properties in the United States, holds significant projects in New Mexico, including the Crownpoint and Hosta Butte uranium project.

enCore Energy Corp. (CVE:EU - Get Free Report)'s share price shot up 0.6% during trading on Thursday . The stock traded as high as C$3.28 and last traded at C$3.26. 326,024 shares were traded during mid-day trading, an increase of 2% from the average session volume of 320,463 shares. The stock had previously closed at C$3.24.

Wall Street Analyst Weigh In

Separately, Haywood Securities raised enCore Energy to a "strong-buy" rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, enCore Energy presently has an average rating of "Strong Buy" and an average price target of C$8.50.

enCore Energy Trading Up 2.3%

The company has a fifty day simple moving average of C$3.59 and a two-hundred day simple moving average of C$2.88. The company has a market cap of C$664.19 million, a PE ratio of -10.44 and a beta of 1.23.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.